Singapore authorities expect GDP growth this year to come in between 1.5 and 2.5 percent, down from 4.9 percent last year and below what they believe is the economy’s trend growth of 3-5 percent.
Inflation, meanwhile, is likely to slightly exceed the government’s most recent forecast of 4.0 to 4.5 percent for 2012, which is already much higher than the 2.5 to 3.5 percent outlook it gave at the start of the year.
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